Afghans reject Cabinet nominees
Some candidates seen as corrupt, not working for national interest. Full story
Some candidates seen as corrupt, not working for national interest. Full story
Report on Mike Connell's death called the 12th most censored story of 2009.
Newark Liberty Airport to be first in area to get full-body scanners Newark Liberty Airport is getting full-body scanners that reveal all - and could keep terrorists like the undie bomber from boarding planes. The gizmos, which cost about $170,000 apiece, are destined for Terminal B, which handles all international arrivals and domestic airlines like Delta and Northwest, according to the Port Authority.
Goldman Sachs to Award Employees $23 Billion In Bonuses Along with Wall Street’s resurgent bonuses will come a jump in an ancillary benefit: tax breaks. For all banks and Wall Street firms, "I'm sure we’re talking $200 billion total compensation, which would create a tax savings for the firms of $80 billion," said Robert Willens, an accounting and tax analyst in New York who runs a consulting firm, Robert Willens LLC. As pay goes up, so do the deductions. Many American banks already pay minuscule federal income taxes, because of various deductions and clever tax planning; the payout-related breaks will reduce their tax bills further in coming years. The biggest tax break will go to Goldman Sachs. It expects to award its employees $23 billion in bonuses -- the most in its history -- after having paid back $10 billion. Because most employee compensation is a deductible expense under tax laws, Goldman Sachs, which is technically taxed at a top corporate rate of 39 percent, will save about $9 billion in federal income taxes on the bonuses it pays out for 2009, Mr. Willens said.
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